BUSINESS PROFILE :
Reliance Natural Resources formerly Global Fuel Management Services, was originally incorporated in 2000 as Reliance Platforms Communications Com (P) Ltd. The name of the company was thereafter changed to Reliance Energy (P) Ltd.
The status of the company changed from private limited to public limited on Jul. 25, 2005. The name has since been changed to its present name, viz. Reliance Natural Resources under Fresh Certificate of Incorporation consequent on change of name dated Jan. 9, 2006. In terms of the scheme of arrangement with Reliance Industries, the company is vested with the Gas Based Energy Undertaking of Reliance Industries as defined in the scheme. The company belongs to the ADA Ent. Group and is into oil drilling and exploration.
The company`s main business is to source gas from RIL and supply the same for the gas based generation and other projects of its affiliate companies. The company has entered into a Gas Based Energy Undertaking with Reliance Industries (RIL) which involves the company`s potential worth.
It also considers the basis of determining the quantities of gas to be made by RIL for purchase by affiliates of the company. The agreement involves up to 28 MMSCMD. The key investment of the company of 50,000 equity shares of Rs 10 each is in Gas Based Energy Undertaking of RIL. The investment constitutes 100% of the paid up capital of Reliance Patalganga Power, its subsidiary.
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